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Legal Update | Law on Housing No. 27/2023/QH15 | 16 April 2024
This update highlights key points relating to Law on Housing No. 27/2023/QH15
This Update highlights the following key points:
- New requirements for developers in commercial housing construction investment projects
- Construction and management of multi-storey, multi-apartment houses
- No limit on the period of ownership of apartment buildings
- Exemption from land use levy in renovation and reconstruction of apartment buildings
- Developers must open a separate bank account for maintenance funds for a multi-owner apartment building
- Commercial arbitration becomes a housing dispute resolution agency
- Development of social housing construction investment projects